When the federal government guarantees a loan for a state government, such a loan constitutes
a
a public debt
b
a transferred debt
c
a private debt
d
an inter-governmental debt
Explanation
Correct Option
aNo explanation available
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Iember_codes
3 years ago
The NDIC(Nigeria Deposit Insurance Corporation) is the agency empowered to administer the DIS in Nigeria, thereby protecting depositors of deposit-taking financial institutions. The NDIC provides incentives for sound risk management in the Nigerian banking system as well as contributes to the stability of the financial system.
Deposit Insurance is a system established by government to protect depositors against the loss of their insured deposits
